August 15th - BTU ACI IGT

Not a repeat show! Cramer must not be off for the week.

Cramer's first segment looked at how people are trying to scare you out of the market and how we should say in right now. He is not calling a bottom to the market, but said the bears are too bearish. Cramer said he has heard enough about the Home builders sector and said it isn't as bad as people are saying, but he said they aren't buys right now, but still shouldn't scare you out of the market. He quickly mentioned several stocks that did better than people expected but the only one that had much after hours movement was ANF, but that's because they reporting earnings after the bell today.

Next Cramer took a look at Coal stocks, as he said these are the cheapest in the energy sector. He said to stay away from the smaller plays since they are risky and named a few examples that missed their quarters. He mentioned BTU Peabody Energy Corp. and ACI Arch Coal Inc. BTU is a bit on the high price side for my taste, but did hit a high of $45.70 after hours, up $1.02 and closed up strong as well up 82-cents. ACI, which is a bit cheaper also had some good action:

ACI
Closing Price: $34.70
After Hours High: $35.60
Percent Increase at High: 2.6%
After Hours Close: $35.50
Percent Increase: 2.3%
Trades on NYSE
Sector: Basic Materials
Short %: 5.8%
Days to Cover: 2.8

I'm not overly familiar with coal and how the base price of coal works and if it trades like oil and natural gas prices, which I assume it does? Either way, I don't like shorting energy even though we have some nice action after hours in both of these stocks.

Finally Cramer took at look at IGT International Game Technology as a play on slot machines being added to more places besides casinos and Southeast Asia casino expansion.

Closing Price: $37.10
After Hours High: $37.91
Percent Increase at High: 2.2%
After Hours Close: $37.84
Percent Increase: 2.0%
Trades on NYSE
Sector: Technology
Short %: 3.1%
Days to Cover: 5.6
% Held by Insiders: 0.81%
% Held by Institutions: 81.3%

Cramer has been very bullish on this stock since March (according to his performance on thestreet.com) and the stock has gone up from $34 to almost $38 now since March. He has also put a price target of $45 on it in the past. The biggest thing that sticks out at me is the high institutional holding in the stock of 81%. The concern here is that the institutions will hold onto their large position and shrink the float of shares available to everyone else and possibly drive the price up if there is an imbalance of more buyers vs. sellers. We are also right near $38 level so that is an important price to watch. Possibly like TRMP, which hit $18 on the first trade in the pre-market and never went higher the rest of the day. TRMP doesn't have the big institutional holdings, but did have 46% insider holders, but it also traded at a much lower average volume where IGT is over 2 million shares per day. IGT has also been up to $39 in recent days. Bottom line, a tough call that I feel will come down to the overall market and NASDAQ in general.